Crypto markets analysis 15/03/2018

Durring the past 7 days we have see a hard correction in the crypto markets, the price of bitcoin made correction and fall from 10500 USD to 8030 USD across global exchange service .

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Today’s correction isn’t exclusive to bitcoin. All major cryptocurrencies including Ethereum, Bitcoin Cash, Ripple, Cardano, and Litecoin have declined in value, at a similar rate as bitcoin. Ethereum recorded a daily loss of 10 percent, while Ripple and Bitcoin Cash both decreased by just over 9 percent.

This Crash in the crypto marketsb is caused by serval things, between them :

1-The negative comments of US representatives followed a report released by $81 billion investment firm Allianz, which claimed that bitcoin has no intrinsic value .

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2-The negative effect of the sell off of bitcoin By Mt.Gox Ceo, that has sold over 40000 Bitcoins durrign the past 24 hours .

3-the last scams in th crypto industry like bitconnect and Davorcoin that show the negative aspect of the crypto world due to the lack of the understand of the blockchain technology and the absence of regulation .

But i am very bullish for the future of crypto currency and bitcoin, why ? :

1- Bitcoin is listed and adopted by serval instissiaonal investments firms each days between them : USA was the fist country to list bitcoin on stock marekt on : CBOE and CME .

2- the innovative developments being pursued within the cryptocurrency industry, especially the increasing adoption of cryptocurrencies in regions like Japan and South Korea and a lot of others reasons .

Bitcoin :

After that bitcoin has reach during the past 24 hours 7849 USD, now this digital assets is traded around 8200 USD, if bitcoin break the resistance level of 8500, it will return to be traded from 9000 USD to 9500 USD, bit of bitcoin fall below 7500 USD, then we could see a more hard correction from 6000 USD to 6500 USD.

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But i am very bullish, because there is some positive news that has come today, and also the trading volume has increase during the past 24 hours , for me i have buy around 8100 USD, i will sell around 10500 USD .

Ethereum :

After reaching all time high price before 2 month, Ethereum is now traded around 600 USD, this levels are a good entry point, i advice you to buy from 600 USD to 670 USD, take profit from 800 USD to 900 USD .

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Use a stop lose around 550 USD, because if the price fall below 550 USD, we can see ethereum making a hard correction around 450 USD .

Litecoin :

Litecoin is now traded around 163 USD, after reaching an all time high price around 223 . This levels are a good entry point on a long term trade on ltc, the targets profits are from 200 USD to 230 USD, if Ltc fall below 150 USD then sell directly, because the price can go back under 100 USD.

Monero :

Technical :

Monero is an amazing privacy coin that I personally like, and would love to invest in the near future…however…It is dangerously close to breaking below its uptrend channel . I would watch this closely if you hold it. If you’re looking to buy it in near future .

A nice entry could be coming. SO we watch and wait on this one i advice you to buy right nwo around 200 USD to 230 USD, the long term target is from 300 USD to 360 USD .

Tron :

Fundamental :

There is a coinburn of tron on 31/03/2018

Technical :

The levels from 0.027 USD to 0.03 USD are a good entry point for a long term trade on Tron, the targets profits are from 0.05 USD to 0.06 USD . the born fo the coin will reduce the supply, what means that the price will increase .

Omise go :

I don’t see any trading opportunity in Omise go for short and midle term, but this levels of 11 USD to 13 USD, are good entry point for a long term trade , the targets profits are from 15 USD to 18 USD .

Neo :

NEO is a good investment in my opinion, for some reasons. The Chinese are a proud country and they like to invest in their own projects; particularly when it comes to technology and innovation. It’s astonishing when you realize how many people are in China, and how many individuals, businesses and government branches will use this blockchain for the « NEW ECONOMY ». This to me is similar to the Emerging Market ETF’s that are available today which invest in companies particularly in Asia and Japan.

This levels from 65 USD to 75 USD are good entry point for a long term trade on Neo .